23-058 (07-05) Authorize Transfer of Property at 1605 Douglas Drive North to HRADocuSign Envelope ID: 9C45DAF8-10EB-4898-AD73-6F188E85683D
RESOLUTION NO. 23-058
RESOLUTION AUTHORIZING TRANSFER OF REAL PROPERTY LOCATED AT
1605 DOUGLAS DRIVE NORTH TO THE HOUSING AND REDEVELOPMENT
AUTHORITY
WHEREAS, the City of Golden Valley (the "City") recognizes that its current
housing environment severely underprovides affordable options, both in regard to rental
and homeownership housing;
WHEREAS, a shortage of quality affordable housing is not only damaging to the
economic prosperity of the City and surrounding region, but actively restricts low -to -
moderate income households from choosing to live in Golden Valley;
WHEREAS, in addition, high housing costs contribute to both the historical and
ongoing disparities in homeownership rates within the City, gatekeeping this key
economic opportunity from those who might benefit from it the most;
WHEREAS, addressing the affordable housing homeownership gap, through all
means available, is one of the City's most expedient means of making itself a supportive
and united community, strengthened by the diversity of its residents;
WHEREAS, in recognition of the shortage of affordable homeownership housing,
the City encourages the use of vacant, unused parcels of land located within and owned
by the City or the HRA for the development of affordable homeownership housing;
WHEREAS, affordable housing needs and opportunities shall be considered
before surplusing public lands for other purposes that are non -essential to local
government operation;
WHEREAS, the Golden Valley City Council enacted Ordinance No. 727 Amending
the City Code, Chapter 2 — Administration to Establish a New Ordinance to Prioritize
Surplus Public Land for Affordable Housing on December 21, 2021;
WHEREAS, in response to the City's enactment of Ordinance No. 727 to Prioritize
Surplus Public Land for Affordable Housing, the Housing and Redevelopment Authority
approved the Home Ownership Program for Equity and authorized the release of a
Request for Qualifications process on June 21, 2022, and approved qualified developers
on August 16, 2022;
WHEREAS, the City and the HRA desire to develop certain real property
pursuant to and in furtherance of the Home Ownership Program for Equity, said real
property being described as follows: Address 1605 Douglas Drive North and Legal
Description attached as Exhibit A; and,
DocuSign Envelope ID: 9C45DAF8-10EB-4898-AD73-6F188E85683D
NOW, THEREFORE, BE IT RESOLVED, by the City of Golden Valley:
FOR VALUABLE CONSIDERATION, the City of Golden Valley, a Minnesota
municipal corporation hereby resolves to convey and quit claim to the Housing and
Redevelopment Authority in and for the City of Golden Valley, a body corporate and politic
under the laws of the State of Minnesota, real property in Hennepin County, Minnesota,
legally described on the attached Exhibit A.
Adopted by the City of Golden Valley, Minnesota this 5th day of July 2023.
Docpu,Siiigned by:
"" M �L�
epar 'Harris, Mayor
ATTEST:
DocuSigned by:
eres tbhyma, City Clerk
DocuSign Envelope ID: 9C45DAF8-10EB-4898-AD73-6F188E85683D
EXHIBIT A
LEGAL DESCRIPTION
Lots 1 and 2, Belmont, according to the recorded plat thereof, Hennepin County,
Minnesota.
(Abstract Property)